Supply & Demand

You're reading that right. Three properties on the Detroit riverfront have been listed for sale for a combined $150 million. Owner Michael Shaya confirmed to me this morning that his properties at 265 Riopelle ($10 million), 600 Woodbridge ($60 million) and 1000 Woodbridge ($80 million) were not,…

U.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges from pandemic-enforced lockdowns.About $4 billion in value was erased from 118 retail-anchored properties with commercial mortgage-backed securities debt…

A recent avocado shortage has sent the fruit's price soaring. Here's how local restaurants and chains like Chipotle, Dos Toros, and Qdoba are coping.

The action follows calls from bipartisan members of Congress and industry leaders warning about the potential consequences of the shortage.

U.S. home sales unexpectedly rose in January despite tight inventories boosting house prices.

AUSTIN, Texas (AP) — Southern cities slammed by winter storms that left millions without power for days have traded one crisis for another: Busted water pipes ruptured by record-low temperatures...

Largest U.S. supermarket chain says decision was "accelerated" by Seattle mandate of extra pay for grocery workers.

Economists have argued the merits of minimum wage hikes for years

The coronavirus pandemic has had a major impact in the travel industry.

Carmakers and consumer-gadget companies are struggling to source enough computer chips.

A drive to increase enrollment at Albion College was successful in bringing more students to campus. It didn't solve Albion's problems.

The Covid-19 lockdown sent the flower market into free fall, but recently, flower prices have been picking up again. Who are the culprits behind this? Our old friends supply and demand, of course!

The nationwide move to working from home has been devastating to such makers of office furniture as Steelcase Corp. of Grand Rapids.It has been a boon, though, for Vincent Leman, the owner of a small furniture business in Benton Harbor. Sales jumped 60 percent last year, all of that increase coming…

A pizza maker for 40 years, Fredi Bello has sold out of pizza daily this week and his autism foundation has raised more than $26,000

Disney Plus notched 94.9 million customers worldwide as of Jan. 2, 2021, continuing the streaming service's meteoric rise.

Are we out of the uncanny valley? The MetaHuman Creator tool wants to help.

GM could take up to a $2 billion hit to pretax profits this year due to a chip shortfall, but will protect production of profitable pickups and SUVs.

This interactive tool allows users to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.

A look inside the pricing playbooks used by dozens of unicorn companies with Pete Flint and Madhavan Ramanujam.

Some researchers and economists say a minimum wage raise will likely benefit workers in Mich., while opponents argue that small businesses may suffer